At a market cap of S$1.65 billion, OUE REIT is a major office Singapore REIT. Today, shares trade at ~S$0.30 per unit.
That’s a heavily discounted 0.5x P/B ratio and distribution yield of 6.5% dividend yield.
Here’s 5 things you need to know about OUE REIT before buying for its high dividends:
- What are OUE REIT’s assets?
First, OUE Commercial REIT was listed on the Singapore Exchange in 2014, at S$0.80 per unit. At IPO, it owned two commercial properties:
- OUE Bayfront at Collyer Quay, Singapore
- Lippo Plaza at Shanghai, China
Back then, its combined portfolio value was ~S$1.6 billion. That’s a S$1.04 NAV per unit.
In 2019, OUE C-REIT merged with OUE Hospitality Trust and renamed itself to OUE REIT. Since then, it expanded beyond offices to include hotels and integrated properties.
After it sold Lippo Plaza in 2024, OUE now owns six properties. This leaves its portfolio fully concentrated in Singapore….
